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Macroeconomics by L. Randall Wray, Bill Mitchell and Martin Watts (2019, Trade Paperback)
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"Macroeconomics" by L. Randall Wray, William Mitchell, and Martin Watts (2019) is a textbook focused on economics, specifically in the subject area of business and economics. This trade paperback publication is written in English and delves into the understanding of macroeconomic concepts. The authors provide insights and explanations to help students and readers grasp complex economic theories and principles. this textbook is a valuable resource for those interested in exploring the world of macroeconomics in depth.
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About this product
Product Identifiers
PublisherBloomsbury Publishing
ISBN-101137610662
ISBN-139781137610669
eBay Product ID (ePID)237507342
Product Key Features
Number of Pages604 Pages
LanguageEnglish
Publication NameMacroeconomics
Publication Year2019
SubjectEconomics / Macroeconomics
TypeTextbook
AuthorL. Randall Wray, Bill Mitchell, Martin Watts
Subject AreaBusiness & Economics
FormatTrade Paperback
Dimensions
Item Height1.2 in
Item Weight44.2 Oz
Item Length10.2 in
Item Width7.6 in
Additional Product Features
Intended AudienceCollege Audience
Number of Volumes1 vol.
IllustratedYes
Table Of ContentPART A: INTRODUCTION & MEASUREMENT 1 Introduction 2 How to Think and Do Macroeconomics 3 A Brief Overview of the Economic History and the Rise of Capitalism 4 The System of National Income and Product Accounts 5 Labour Market Concepts and Measurement 6 Sectoral Accounting and the Flow of Funds 7 Methods, Tools and Techniques 8 Framing and Language in Macroeconomics PART B: CURRENCY, MONEY & BANKING 9 Introduction to Sovereign Currency: The Government and its Money 10 Money and Banking PART C: NATIONAL INCOME, OUTPUT AND EMPLOYMENT DETERMINATION 11 The Classical System 12 Mr Keynes and the 'Classics' 13 The Theory of Effective Demand 14 The Macroeconomic Demand for Labour 15 The Aggregate Expenditure Model 16 Aggregate Supply PART D UNEMPLOYMENT AND INFLATION: THEORY AND POLICY 17 Unemployment and Inflation 18 The Phillips Curve and Beyond 19 Full Employment Policy PART E ECONOMIC POLICY IN AN OPEN ECONOMY 20 Introduction to Monetary and Fiscal Policy Operations 21 Fiscal Policy in Sovereign Nations 22 Fiscal Space and Fiscal Sustainability 23 Monetary Policy in Sovereign Nations 24 Policy in an Open Economy: Exchange Rates, Balance of Payments and Competitiveness PART F ECONOMIC INSTABILITY 25 The Role of Investment in Profit Generation 26 Stabilising the Unstable Economy PART G HISTORY OF MACROECONOMIC THOUGHT 27 Overview of the History of Economic Thought 28 The IS-LM Framework 29 Modern Schools of Economic Thought 30 The New Monetary Consensus in Macroeconomics PART H CONTEMPORARY DEBATES 31 Recent Policy Debates 32 Macroeconomics in the Light of the Global Financial Crisis 33 Macroeconomics for the Future.
SynopsisThis groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches to theory and policy. The first such textbook to develop a heterodox model from the ground up, it is based on the principles of Modern Monetary Theory (MMT) as derived from the theories of Keynes, Kalecki, Veblen, Marx, and Minsky, amongst others. The internationally-respected author team offer appropriate fiscal and monetary policy recommendations, explaining how the poor economic performance of most of the wealthy capitalist countries over recent decades could have been avoided, and delivering a well-reasoned practical and philosophical argument for the heterodox MMT approach being advocated. The book is suitable for both introductory and intermediate courses, offering a thorough overview of the basics, while covering everything needed for more advanced courses. Issues are explained conceptually, with the more technical, mathematical material in chapter appendices, offering greater flexibility of lecturer use., This groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches to theory and policy. The first such textbook to develop a heterodox model from the ground up, it is based on the principles of Modern Monetary Theory (MMT) as derived from the theories of Keynes, Kalecki, Veblen, Marx, and Minsky, amongst others. The internationally-respected author team offer appropriate fiscal and monetary policy recommendations, explaining how the poor economic performance of most of the wealthy capitalist countries over recent decades could have been avoided, and delivering a well-reasoned practical and philosophical argument for the heterodox MMT approach being advocated. The book is suitable for both introductory and intermediate courses, offering a thorough overview of the basics and valuable historical context, while covering everything needed for more advanced courses. Issues are explained conceptually, with the more technical, mathematical material in chapter appendices, offering greater flexibility of use. Accompanying online resources for this title can be found at bloomsburyonlineresources.com/mitchell-macroeconomics. These resources are designed to support teaching and learning when using this textbook and are available at no extra cost.
LC Classification NumberHB71-74
